What Documentation do I need to Apply for Finance?

To apply for property finance, your provider will ask for a substantial amount of information.

Nobody wants to have to wait around for weeks before their loan is approved, which is why we’ve created this useful checklist to help you get things moving quickly:

Personal identification

100 points of ID are required. A current passport or birth certificate equals 70 points and a driver’s license equals 40. If these documents are in your maiden name, you’ll also need to provide your marriage certificate. Other documents that can help you reach 100 points include ATM/debit cards, council rates notices, health care cards, student ID cards, and pensioner concession cards.

Two most recent payslips from your employer.

The most recent group certificate from your employer.

If you’re self-employed

Two years of personal and business tax returns and ATO assessments

Any other income details of assets

You may also need

Rental income statements or bank accounts showing rental income for any investment properties

Proof of share dividends

Centrelink letter confirming family tax benefits

Centrelink letter confirming permanent government pensions

Private pension group certificate or statement

Proof of any other regular, ongoing income

Additional documents for first home buyers

Statement for your First Home Saver Account (if applicable)

The last 6 months’ statements showing savings/investment history

Evidence of funds, if alternative funds are being used for purchase

A Statutory Declaration from the financier, if other funds are being used for the purchase

Your most recent credit card statement

Copy of your target property’s Contract of Sale

Additional documents for refinancing

Existing loan documentation, including loan commencement date, loan period, and any financial penalties for early closure

Six months of statements for any personal and home loans

The most recent Council Rates Notice and buildings insurance policy on the property being offered as security

If alternative funds are being used, evidence of where the funds are held

A Statutory Declaration from the financier, if other funds are being used for the purchase

Additional documents if you have investment properties

Proof of income, such as rental statements

A copy of the tenancy lease

A Council Rates Notice

A copy of the Contract of Sale for the property being purchased

A letter from a property manager stating the new property’s rental value

Additional documents if you’re seeking a construction loan

A copy of a valid builder’s fixed price tender, including all specifications

A copy of council-approved building plans

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Since 1938 Arbee Real Estate Professionals have been achieving outstanding results in the Bacchus Marsh and surrounding areas through professionalism, ethics, local knowledge and good old-fashioned hard work.